Business Term Loans: Compare Lenders & Get Funded Fast
A business term loan gives your company a lump sum of capital that you repay over a fixed schedule. It is a straightforward way to fund big purchases, manage cash flow, and invest in long-term growth. Enter your funding needs below to compare business term loan options and discover the right fit for your goals.
Enter your funding needs and get started:
What Our Clients Have to Say
Advantages
Top 3 Advantages of a Business Term Loan
As a small business owner, a business term loan can give you the structure and stability you need to plan ahead. Here are three key benefits of choosing a business term loan:
Predictable Fixed Payments
Regular, set payments make it easier to budget, forecast cash flow, and plan for future expenses. You always know what you owe and when.
Potentially Lower Interests
Business term loans often come with competitive rates, which can reduce your overall cost of borrowing compared with some short-term or revolving financing options.
Long Repayment Terms
Longer repayment timelines help spread out the cost of bigger investments. This can reduce strain on your working capital while you focus on growth.
What Is a Business Term Loan Used For?
A business term loan gives you a lump sum of capital that you repay over a fixed period. It is ideal for funding larger, planned investments that support long-term growth, such as:
- Upgrading or purchasing equipment
- Opening a new location or renovating existing space
- Consolidating higher-interest business debt
- Expanding production capacity or inventory
- Hiring staff to support expansion or new contracts
Because a business term loan comes with fixed payments and a clear payoff date, it is easier to align financing with your business plan and cash-flow projections.
Business Term Loan vs Business Line of Credit
The choice between a business term loan and a business line of credit depends on how you plan to use the funds. A business term loan is best for larger, one-time projects that need a lump sum. A business line of credit is better for ongoing, flexible access to working capital.
When to Choose a Business Term Loan
A term loan gives you a lump sum upfront, ideal for financing big, one-time investments like new equipment, facility expansions, or debt consolidation. With fixed payments and a defined repayment schedule, it provides stability and structure. This is ideal if you prefer predictable monthly costs and a clear payoff timeline.
When to Choose a Business Line of Credit
A line of credit allows flexibility. You can draw funds as needed, repay, and borrow again, making it a smart choice for covering short-term expenses, seasonal cash flow gaps, or unexpected costs. While rates can be variable and slightly higher, you only pay interest on what you actually use.
THE BTC ADVANTAGE
Why Choose Big Think Capital?
Competitive Rates, Fast
We secure high-quality loans at interest rates that are conducive to business growth—and we do it fast.
A Partner Committed to Your Success
It’s all about relationships at Big Think. We won’t push just any financing option on you, we work with you to find the best solution for your business.
Access to Sprawling Financial Connections
Big Think is internationally connected with finance industry titans. Work with us and tap into an international network of financial expertise.
Security-First Practices and Strategies
We employ cutting-edge cybersecurity practices that lock down our client’s data. Whether you’re working with us for a long-term loan or line of credit, you can trust us to keep your information protected.
PRE-REQUISITES
Minimum Requirements a Business Term Loan
- 660+ Credit Score
- 1+ Years in Business
- $100,000 in Yearly Revenue
Our expert team will guide you through the term loan application process, offering support with all necessary documentation at every stage, making it easy to secure the financing your business needs.
How to Apply for a Business Term Loan
Getting started with a business term loan is straightforward:
1. Share your funding needs: Use the form to enter how much capital you are looking for and basic business details.
2. Review your options: Our team and lending partners assess your information and present business term loan options that match your profile.
3. Submit documentation: Provide requested financials, such as bank statements and revenue details, to complete your application.
4. Get a decision and funding: Once approved, you receive a lump-sum deposit and begin making regular payments according to your term loan agreement.
REVIEWS
What Our Customers Have to Say
4.9 out of 5 based on 2,886 reviews
Process was smooth and easy for me
Process was smooth and easy for me! They overlooked a lot of underwriting stipulations that other companies did and were able to help me take my business to the next level! Funding was next day and they held my hand the entire way! Special shoutout to David Bernstein for brokering the deals for me. He really went above and beyond for me. Highly recommend him for any of your loan needs.
Thank you guys!
Brandon Ubiera
Joe gentile and Nic Vitale were great…
Joe gentile and Nic Vitale were great assisting me with my 1st business loan. They made the process very easy and made sure they stayed in communication with me the whole time to walk me through the process step by step. Lastly the loan only took a few days to get approved and transferred to the account. I would advise anyone who goes through big think capital to work with Joe and Nic.
Mike Rogers
I had a great experience with trying to get a loan and a line of credit
I had a great experience with trying to get a line of credit. Sam Zorfas helped me out a lot, very professional. He made me feel very comfortable, always communicating with me. Couldn’t have gone any better. Would greatly recommend Big Think Capital. Thank you, Sam.
Ernest Martinez
Business Term Loan FAQs
What can I use a business term loan for?
You can use a business term loan for large, planned investments such as equipment, renovations, expansions, inventory, or consolidating other business debt. Lenders typically expect funds to be used for business purposes that support growth or stability.
How long are business term loan repayment terms?
Repayment terms vary by lender and offer, but many business term loans run from one to five years. Longer terms can reduce your monthly payment, while shorter terms can help you pay off the loan faster.
How fast can I get funded with a business term loan?
Funding timelines depend on your documentation and the lender, but many business term loan applications can be reviewed quickly once you provide complete information. Big Think Capital works to streamline the process from application to funding.
Do business term loans affect my credit?
Yes. Lenders may check your personal and/or business credit during the application process, and your payment history on a business term loan can impact your credit over time. Making on-time payments can help support a stronger credit profile.
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From The Knowledge Center
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